Question: The inventory assumption methods and ending inventory values are presented in the balance sheets of three companies as below: Company A $1,200 First-in-first-out (FIFO) Company

The inventory assumption methods and ending inventory values are presented in the balance sheets of three companies as below: Company A $1,200 First-in-first-out (FIFO) Company B $1,000 Last-in-first-out (LIFO) Company C $1,100 Average cost If Cost of goods available for sale (COGAFS) is $5,800, what would be the Cost of goods sold (COGS) for these three companies?

A)	Company A $4,800, Company B $4,600, and Company C $4,700.
B)	Company A $4,700, Company B $4,600, and Company C $4,600.
C)	Company A $4,800, Company B $4,700, and Company C $4,600.
D)	Company A $4,600, Company B $4,700, and Company C $4,800.
E)	Company A $4,600, Company B $4,800, and Company C $4,700.

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